Medidata Solutions Inc., a New York-based provider of electronic data capture and data management software for clinical researchers, has filed for an $86.25 million IPO. It plans to trade on the Nasdaq under ticker symbol MDSO, with Citi and Credit Suisse serving as co-lead underwriters. The company has raised over $21 million in VC funding since 2002, from firms like Insight Venture Partners (33.9% pre-IPO stake), Milestone Venture Partners (7.6%), Stonehenge Capital Fund (6.1%) and Globalnet Partners. www.mdsol.com
1 min read · 26 January 2009
Talend, a Palo Alto, Calif.-based provider of open source data integration software, has raised $12 million in Series C funding. The round was co-led by Balderton Capital and return backer AGF Private Equity. Talend had previously raised $8 million.
4 min read · 26 January 2009
1 min read · 26 January 2009
Stretch Inc., a Sunnyvale, Calif.-based maker of software-configurable processors, has raised an additional $15 million in Series B funding. This brings the round total to over $42 million, and the company's total venture capitalization to nearly $115 million. Backers include Worldview Technology Partners, Oak Investment Partners and Menlo Ventures. www.stretch.com
1 min read · 26 January 2009
Twitter reportedly is raising at least $20 million in Series D funding at a valuation of approximately $250 million, according to a report on TechCrunch. Institutional Venture Partners is believed to be leading the deal, with return backers Spark Capital and Union Square Ventures also participating. The size of Twitter's last round was undisclosed, although a regulatory filing suggested that it was approximately $17 million (earlier reports pegged it at $15m).
1 min read · 25 January 2009
1 min read · 23 January 2009
1 min read · 23 January 2009
The Active Network, a San Diego-based online community and application technology provider for the active lifestyle/sports market, has agreed to acquire campground reservation provider ReserveAmerica from IAC (Nasdaq: IACI). No financial terms were disclosed. Active Network has raised over $275 million in VC funding, from groups like ABS Ventures, Austin Ventures, Canaan Partners, Charles River Ventures, Dominion Ventures, ESPN, Kettle Partners, Enterprise Partners VC, North Bridge Venture Partners and Ticketmaster
3 min read · 23 January 2009
CloudSwitch, a Waltham, Mass.-based cloud computing startup, has raised $7.4 million in Series A funding, according to Scott Kirsner’s Innovation Economy blog. Backers include Atlas Venture and Matrix Partners (which incubated CloudSwitch last year). Read more…
1 min read · 23 January 2009
Orthopaedic Synergy Inc., a Raynham, Mass.-based provider of products for the orthopaedic device market, has raised $4.8 million in Series A funding. Pioneer Capital Partners (New Zealand) led the round, and was joined by Birnie Capital Partners. The company was formed via the merger of OMNI life science, Inc. and Enztec Ltd., and hopes to close the round with a total of $6 million by March.
4 min read · 23 January 2009
